Mortgage industry technology developer reaches significant milestones
IndiSoft, LLC , a technology developer focusing its efforts on the default service management industry, announced today that its RxOffice® platform has processed more than 18 million transactions since 2008. The company also is in the process of receiving third-party certification from Microsoft®, which will validate the platform's security and scalability.
"The transaction numbers show that our technology is proven and is capable of handling the growing needs of the default management industry," said Sanjeev Dahiwadkar, CEO and president of IndiSoft. "Our continued commitment to the industry and flexibility is evident in the on-going platform adjustments we make based on changes from the federal government, investors, GSEs, insurers and servicers.
"Soon we will receive Microsoft certification, which will demonstrate how committed we are to providing the mortgage industry with technology that will improve the default services process and save all parties involved time and financial resources."
Essentially, RxOffice is a case management, workflow management and document management platform that has processed more than 14.5 million cases in workflow transactions as of June 2010. RxOffice also includes a robust document management solution and houses over 3.5 million documents relating to mortgage defaults.
"Mortgage defaults are at unprecedented volumes and millions of HAMP trial modifications are stalled from lack of supporting documents," said Anna Taylor, CTO of IndiSoft. "While legacy systems have been challenged in storing and associating specific documents with specific cases, RxOffice can manage high-volumes and sorting documents properly."
IndiSoft offers its RxOffice platform (patent pending) to servicers, counselors, mortgage insurers, law firms and homeowners. The platform leverages secured communication technology and infrastructure to enable transparent and real-time updates.
RxOffice's document management feature includes dynamic generation of letters, emails and notes from templates as well as it is a storehouse for interfaced and uploaded documents. Documentation integration with case management has been a long time challenge with default management systems and RxOffice meets those needs.
In addition to document integration, RxOffice further integrates inbound/outbound email and faxes with cases providing a complete view of cases to its users.
About IndiSoft, LLC
Columbia, MD-based IndiSoft LLC develops, licenses and supports a wide range of Web-based software solutions for the financial services industry, including RxOffice Legal, RxOffice Borrower Portal and RxOffice Reporting Portal. Indisoft continues to innovate and transform how the default servicing industry communicates and exchanges information. IndiSoft offers its RxOffice platform (patent pending) to servicers, counselors, mortgage insurers, law firms and the homeowners leveraging secured communications technology and infrastructure to enable transparent and real-time communication, speeding up the decision process.
Contacts:
For IndiSoft
Charlyne H. McWilliams, 301-933-5567
charlyne.mcwilliams@indisoft.us
or
Catherine
Laws, 678-781-7206
catherine.laws@indisoft.us
